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384 Salem Street, Lawrence MA 01843

Lawrence, MA 01843 • South Lawrence
$550,000
Est. $2,927/month
4
Beds
2
Baths
2,088
Sq Ft
$263
Price/Sq Ft
0.06
Acres
1910
Year Built
Multi Family
Type
43
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73206844

About this home

*MULTIPLE OFFERS* Location, Location, Location ! Nice 2 Family home ideally located on a quiet side street in highly desirable South Lawrence neighborhood near Mt Vernon & Andover town line. Perfectly suited for both owner occupants and investors who are looking to Build up Equity Fast with updates & effort. Both units boast 2 bedrooms, spacious living & dining rooms, kitchen, study/den & in unit laundry. New Gas Heating systems installed 2019. Full Basement w/plenty of storage. Large Driveway w/4+ car parking. Separate utilities each unit. Nice Level Lot. GREAT LOCATION - short 5 min walk to both Wetherbee School (k-8) & Riverfront Park's beautiful walking & biking trails, playground, sports courts & boat/kayak launch into the majestic Merrimack River. Quick easy access to major highways 93,495 & Rt 3. Commuter train to Boston & downtown ctr nearby. This is the 2 FAMILY home you have been waiting for - GREAT LOCATION, FANTASTIC NEIGHBORHOOD & AFFORDABLE PRICE !

Sale Statistics

Sale Overview
Original List Price: $519,900
Final Sale Price: $550,000
Difference: +$30,100 (+5.8%)
Performance Metrics
105.8%
List to Sale Ratio
Sold above asking price
43
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $249
Sale $/sq ft: $263
This property sold for $263 per square foot
Sale Summary

This property sold for 5.8% above the original asking price, indicating strong buyer demand.

The property spent 43 days on market before selling.

Facts & Features

Property Overview

Property Type
Multi Family
Property Category
Residential Income
Year Built
1910
Bedrooms
4
Full Bathrooms
2
Living Area
2,088 sq ft
Total Rooms
12
Stories
2
Levels
2

Interior Features

Flooring
Concrete, Hardwood
Heating
Natural Gas
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Refrigerator, Freezer, Washer, Dryer, Range
Interior Features
Walk-In Closet(s), Open Floorplan, Living Room, Dining Room, Kitchen, Mudroom
Basement Details
Full

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Patio/Porch Features
Porch
Has Spa
No
Waterfront Features
Beach Access, River, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.06 acres
Lot Size
2,818 sq ft
Lot Size Area
0.0600
Lot Features
Level
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
4
Parking Features
Paved

Utilities & Systems

Utilities Available
for Gas Range, for Gas Oven
Water Source
Public
Sewer
Public Sewer
Electric
100 Amp Service

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Other
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,076
Tax Year
2024
Tax Assessed Value
$440,600
Parcel Number
M:0140 B:0000 L:0022,4206863
Zoning
00000

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
1st Floor Apt is vacant & will be delivered vacant. Each apt has their own separate utilities (Gas Heat, Gas HW & Electric). Estimated market rent $1675/month per apt. Home sold in as is condition.

Location

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Neighborhood

South Lawrence

384 Salem Street, Lawrence MA 01843

Lawrence, MA 01843

Walkability

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Schools

Elementary School
Wetherbee
Rating information coming soon
Middle School
Wetherbee
Rating information coming soon

Monthly Payment Calculator

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%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $340
Homeowners Insurance $200
PMI $0

Property History

Market Insights

5.5%
Price Range
44
Total Days on Market

Property Timeline

✓
Sold
Apr 19, 2024
$550,000
Property sold
Days on Market: 44
🏠
Listed for Sale
Mar 6, 2024
$519,900
Original listing
Agent: Andy Mass Office: Mass Realty Properties

Price & Status History

Date Event Price Change
Mar 6, 2024 New Listing Added $519,900 —

Market Statistics

Days on Market
43 days
Price per Sq Ft
$263

Tax History

Year Taxes Assessment
2024 $4,076 $440,600

Financial Details

Annual Property Tax
$4,076
Tax Year 2024
Assessed Value
$440,600

Listing Information

Listing Agent Andy Mass
Listing Office Mass Realty Properties
Agent MLS ID CT007701
Office MLS ID AN1745

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